ICICI Securities Limited
Upcoming capex likely to aid revenue ahead Out of the earmarked capex of | 800 crore over the next 5/6 years, the company has been initially incurring crop formulation capex to the tune of | 110 crore and MPP plant at Dahej with total cost of | 130 crore. Both of these plants are expected to get commissioned by H2FY22. Since it has historically managed asset turn of 2.25-2.5x, we expect the same should likely to sustain in the coming time and thus bodes well for future growth outlook. Apart from this, it has also been doing backward integration, which should likely...
Rallis India Ltd. has lost -33.14% in the last 6 Months
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